With an objective to protect consumer interest and to bring efficiency and transparency into the country’s real estate sector, the Government of India implemented the RERA Act nationwide on May 1 this year.

“This regulator will govern all real estate transactions, thus improving the governance on the real estate sector by reducing disputes and making the system more transparent and robust,” affordable housing property builder VBHC’s head of sales-marketing and customer service Narasimha Swamy N said in a statement.